19544. National Bank (Tarentum, PA)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
4453
Charter Number
4453
Start Date
July 13, 1904
Location
Tarentum, Pennsylvania (40.601, -79.760)

Metadata

Model
gpt-5-mini
Short Digest
1633be75

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Discovery of embezzlement by the bookkeeper triggered heavy withdrawals; bank averted a threatened run by opening early and publicizing that only $2,000 was missing. No suspension or closure is reported.

Events (3)

1. October 30, 1890 Chartered
Source
historical_nic
2. July 13, 1904 Run
Cause
Bank Specific Adverse Info
Cause Details
Bookkeeper James H. Ekas was arrested for embezzling several thousand dollars from the bank, prompting depositors to crowd and withdraw accounts.
Measures
Bank opened half an hour earlier than usual and published that only $2,000 had been stolen to reassure depositors.
Newspaper Excerpt
The arrest of Ekas was caused sensation in that place. The small tion depositors crowded about the instituduring the day, and many of the accounts were withdrawn.
Source
newspapers
3. April 18, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from The Star, July 13, 1904

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Article Text

KEYSTONE STATE CULLINGS BANK EMPLOYE IN TROUBLE Well-Known Resident of Tarentum is Said to Have Been Short in . His Accounts. James H. Ekas, one of the best known residents of Tarentum, and bookkeeper of the National Bank Tarentum, was placed under of charged with having embezzled arrest, severa) thousand dollars belonging to financial institution by which he the a employed. The arrest of Ekas was caused sensation in that place. The small tion depositors crowded about the instituduring the day, and many of the accounts were withdrawn. The formation against the bookkeeper inmade by J. W. Hemphill, president was the bank. When taken in custody of he is his said to have made a confession of peculations, which cover a period of over eight years. A short distance from Ehrenfeld station, at the same place where ing engine exploded two months ago, kill- an four, engine No. 177. drawing eastbound freight train on the Penn- an sylvania railroad, exploded killing three men almost instantly, probably fatally injuring two and slightly juring several others. The dead inJohn Wessinger. engineman, of are: Conemaugh, 45 yais old: Daniel C. Crouch, fireman, of Conemaugh, 28 years old; lor Charles Ross, flagman, of East Taytownship, 21 years old. Seriously injured: J. B. Smith, flagman, of Conemaugh; H. C. Boyle, conductor, of Conemaugh. In addition to the foregoing, juries. five others received slight inIn a letter to district president T. D. Nicholls, of the United Mine Workers, Umpire Carroll D. Wright to-day tained the contention of the sus- miners that It is incumbent on the companies to of collect from the miners the wages the checkweighmen or docking the bosses. The Scranton Coal Company, Pennsylvania Coal Company and the Temple company, employing 200,000 men, refused. to collect for checkweighmen and docking bosses from the wages of such miners as refused to make written assignments authorizing the deductions. Harry M. Shoff. 31 years old, an attorney of Coalport, Clearfield county, was murdered by Romey Loymeir while attempting to collect a bill for legal service. Early yesteruay Shoff defended Loymeir in an assault and battery case, and while on his home at midnight stopped at way Loymeir's to collect his bill of $5. An argument and fight followed and young Loymeir crushed Shoff's skull. The murderer gave himself up a short time after the killing. Rev. Harry E. Kaufman, a graduate of the Western Theological Seminary and of Grove City College, has been installed as pastor of the Presbyterian churches at Harrisville and New Hope, Butler county. Rev. E. R. Worrell, of Butler preached the installation sermon. President Isaac Ketler, of Grove City College, preached the 'A is Rev. pue people, the 07 charge Moore, of Slippery Rock, the charge to the pastor. At Butler, Judge Galbreath granted tavern licenses to Captain Herman Liebold of the Hotel Arlington, Earl D. Clinton of the Standard, Charles Gels of the Lyndora, Ralph Gregg of u the Park, Simeon and Brown Nixon of the Nixon, Daniel F. McCrea of the Butler, Alfred Klein of the Willard and George Haworth of the Bowman. The application of C. H. and H. B. fused. Kemp for the Hotel Lawry was reThe satchel of Walter Scott, said to have contained $12,000 in gold dust, taken from a Pennsylvania train near Philadelphia, was found yesterday morning by Foreman John Foresha, of Supervisor Hippey's division 7 New Florence. It had the near appearance of having been roughly torn open and and the JO pile B uo SUM empty. Inscribed on the satchel was "Scott & Gearhard, 234 Fifth avenue, New York." John Lepka, Christ Bofinger and P John Combush, miners of Adrain, each lost a leg by being struck with the haulage rope as they were walking in along the track in the mines. The rope caught in the guard rail and when the signal to stop was given it slipped off, cutting them down. By order of the Venango county P court the verdict of $41,200 damages received by Stuart Simpson, of on City agaïnst the Pennsylvania railroad -I company, has been reduced to $22,000. u The plaintiff is given 15 days to accept or refuse. a The following fourth-class Pennsylvania postmasters were appointed: n Haysville, Allegheny county, Samuel J. Fair: Lamartine, Clarion county, d James T. Laughner: Polk, Venango county, William W. McClelland. 4 After a steady run of 18 months . the P two tin mills at New Castle closed for *I an indefinite period. The employes are satisfied with the settlement of P 01 the night. wage question at Pittsburg last a The entire plant of the American O3 Tin Plate company, at South Sharon.


Article from Wausau Pilot, July 26, 1904

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Article Text

News of Minor Note. Dowie announces be will establish branch Zions in Massachusetts and Louisiana. The convention of the Socialist Labor party has declared its opposition to labor unions because of their conservatism. Two Yale students, W. H. Goodwin of Burnside, Conn., and R. W. Armstrong of Hayesville, Ohio, were drowned in the Connecticut river at East Northfield, Mass. The Daughters of the American Revolution are to buy the house at Raleigh, N. C., where President Andrew Johnson was born. It is proposed to found a public museum. A threatened run on the National Bank at Tarentum, Pa., following the discovery that the bookkeeper had embezzled funds, was averted by opening the bank half an hour earlier than usual, and the publication of the fact that only $2,000 bad been stolen.